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China’s Ministry of Commerce will hold a briefing at 3pm today, just hours after US President Donald Trump declared a trade war with the world.
The action includes a further 34 per cent tariffs on imports from China, raising American tariffs on China to 54 per cent.
Though the latest figures for retail sales, foreign investment and other economic topics are usually on the agenda, this regular weekly briefing will be watched closely for any announcement of countermeasures.
In a statement on Thursday morning, the ministry accused the US of “typical unilateral bullying” and vowed to take resolute countermeasures. It also said Beijing would urge Washington to remove the tariffs and solve disputes through dialogue.
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Trump slaps 34% reciprocal tariffs on Chinese imports as part of ‘Liberation Day’ package
Trump slaps 34% reciprocal tariffs on Chinese imports as part of ‘Liberation Day’ package
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Reporting by Jane Cai, Kawala Xie, Carol Yang, and Siqi Ji
